{
  "id": 13846405,
  "title": "Apartment sale reaches new record of $1.24M in Southeast Asia’s most expensive residential market",
  "url": "https://urgent.news/2026/10/12/apartment-sale-reaches-new-record-of-1-24m-in-southeast-asias-most",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-12T01:56:08.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/property/apartment-sale-reaches-new-record-of-1-24m-in-southeast-asia-s-most-expensive-residential-market-5130437.html"
  },
  "original_language": "en",
  "account": "A 95-square-meter apartment in Singapore's Pinnacle @ Duxton development has achieved a record sale price of $1.24 million, marking a 2.5% increase over the previous record, as reported by 99.co. This extraordinary price surpasses the threshold of SGD1.5 million, a benchmark only one such flat exceeded last year. Five four-room flats, including the latest sale, have reached this threshold this year, with four of them at Pinnacle @ Duxton. This trend indicates that the previously rare high price point is becoming more common, although such transactions still remain concentrated in a few key locations. Pinnacle @ Duxton now holds eight of the top ten spots for the most expensive four-room flat sales in Singapore. Singapore remains the most expensive residential property market in Southeast Asia and the fourth globally, trailing behind Hong Kong, Zurich, and Seoul, according to Deutsche Bank. As of June, Singapore also held the title of Southeast Asia's most expensive prime residential market, with its prices more than six times that of Kuala Lumpur and about 65% higher than Bangkok's. Globally, Singapore ranks tenth in prime residential prices, behind Tokyo and Hong Kong.",
  "summary": "A four-room flat at Pinnacle @ Duxton has sold for SGD1.59 million (US$1.24M), setting national resale records for both the total price and price per square foot for this flat type.",
  "key_points": [
    "95-square-meter Singapore apartment sells for $1.24M record",
    "Pinnacle @ Duxton houses 4 of top 5 most expensive 4-room sales",
    "Singapore retains title of Southeast Asia's most expensive property market"
  ],
  "editors_take": "The increasing frequency of million-dollar transactions at Pinnacle @ Duxton signals that extreme price points are becoming normalized within Singapore’s most expensive residential market.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}